GREENWICH, CT, Dec. 11, 2014 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM") announced today that its affiliates, including Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") and Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) ("FSFR"), have co-invested in a $110 million one-stop financing facility in connection with the acquisition of Metalogix H&S Holdings, Ltd. ("Metalogix") by a company owned by the Permira funds. Metalogix is a provider of collaboration, content and data management tools for various on-premise and cloud collaboration platforms, including Microsoft SharePoint, Exchange and Office 365. The financing facility consists of a first lien term loan and a revolving credit facility. Fifth Street Management LLC, FSC's and FSFR's investment adviser, served as Lead Arranger and Administrative Agent for the transaction.
Metalogix represents the Fifth Street platform's third financing in support of a Permira funds-owned company. Permira is a global private equity firm that advises funds with approximately €25 billion in total committed capital, specializing in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology, Media and Telecommunications (TMT).
"Consistent with our previous transactions together, we were impressed with Fifth Street's ability to structure a flexible financing solution in support of the Permira funds' vision, while committing to the entire facility in an expedited timeframe," said Nic Volpi, a Partner at Permira, adding, "We look forward to our continued partnership with Fifth Street and working together to help Metalogix achieve its growth objectives over the life of the investment."
"We are pleased to support the Permira funds on the acquisition of Metalogix, an industry leading software provider for mission critical collaboration platforms," noted Ivelin M. Dimitrov, FSAM's Chief Investment Officer, adding, "We believe the Permira funds' demonstrated investment expertise in the software industry will complement an already strong management team, and we are excited to partner with them to help accelerate the growth of the business."
About Fifth Street Asset Management Inc.
Fifth Street Asset Management Inc. (NASDAQ:FSAM) is a rapidly growing credit-focused asset manager. The firm has nearly $6 billion of assets under management across two publicly-traded business development companies, Fifth Street Finance Corp. (NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR), as well as multiple private investment vehicles. The Fifth Street platform provides innovative and customized financing solutions to small and mid-sized businesses across the capital structure through complementary investment vehicles and co-investment capabilities. With a 16-year track record focused on disciplined credit investing across multiple economic cycles, Fifth Street is led by a seasoned management team that has issued billions of dollars in public equity, private capital and public debt securities. Fifth Street's national origination strategy, proven track record and established platform are supported by approximately 90 professionals across locations in Greenwich, Chicago, Palo Alto and Dallas. For more information, please visit fsam.fifthstreetfinance.com.
About Permira
Permira is an international private equity firm. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. Founded in 1985, the firm advises funds with a total committed capital of approximately €25 billion and has made over 200 private equity investments.
Permira specializes in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology, Media and Telecommunications (TMT) and its portfolio currently comprises over 25 companies. Permira employs over 120 professionals based in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Seoul, Stockholm and Tokyo.
Permira established itself in North America in 2002 and today has offices in New York and Menlo Park. The Permira funds have a long track record of successfully investing in technology companies around the world including TeamViewer, LegalZoom.com, Inc., Ancestry.com, NDS, Renaissance Learning and Genesys. Since 1997, over 33% of the Permira funds' investments have been in the core sector of TMT.
About Metalogix
Metalogix provides content infrastructure management software to transform collaboration platforms, increase knowledge sharing and improve the use and performance of enterprise content management platforms. Today, more than 14,000 customers, in 86 countries on seven continents, rely on Metalogix management software to migrate, synchronize, store, monitor, govern, backup and archive content on Microsoft SharePoint, Exchange and Cloud environments. Metalogix services customers in the government, energy, legal, financial services, healthcare, consulting and many other industries.
Metalogix was named to Inc.'s 500 List of Fastest Growing Private Companies in 2012 and was recognized as the fastest growing software company in the Washington, D.C. area by the Washington Business Journal. Metalogix is a Microsoft Gold Partner, a managed partner in Microsoft's Public Sector, a member of the Microsoft Partner Advisory Board and a certified General Services Administration (GSA) provider.
Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company's current views with respect to, among other things, future events and financial performance. Words such as "believes," "expects," "will," "estimates," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. New risks and uncertainties arise over time, and it is not possible for the company to predict those events or how they may affect it. Therefore, you should not place undue reliance on these forward-looking statements. The company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.